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Stifel Nicolaus Sticks to Its Buy Rating for Netgear (NTGR)
Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Netgear today and set a price target of $36.00.
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Svanberg covers the Technology sector, focusing on stocks such as Microchip, Semtech, and Texas Instruments. According to TipRanks, Svanberg has an average return of 23.9% and a 63.38% success rate on recommended stocks.
Currently, the analyst consensus on Netgear is a Moderate Buy with an average price target of $36.00.
Based on Netgear’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $184.56 million and a GAAP net loss of $4.78 million. In comparison, last year the company earned a revenue of $182.85 million and had a net profit of $85.07 million
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